Brick Quadplex With Townhome
New
For Sale
$325,000
Pending
514 East Avenue, South Charleston, WV 25309
ResidentialIncome, South Charleston, WV
Property Size3,600 SF
Days on Market7
Property Features for 514 East Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 7, Bedroom 8, Bathroom 2, Bedroom 1
Parking features
On Street
Elementary school
Bridgeview
Middle school
Dunbar
High school
S. Charleston
Directions
From Charleston take 64W toward South Charleston. Take exit 54 & turn left on MacCorkle. Follow for approx 1.5 miles, turn left on East Ave. Property is on the corner of East and Ohio.
Subdivision
South Charleston
Standard status
Pending
APN
18-0003-0176-0000-0000
Size
3,600 SF
Taxes and HOA fees
Tax Description
LT 69X111 PT LT E HAZLETT FARM
Tax Annual Amount
1955
Legal Description
LT 69X111 PT LT E HAZLETT FARM
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Amenities
washer/dryer hookup
Building Details
Number of units
4
Building materials
Brick, Frame
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Better Homes and Gardens Real Estate Central
(304) 201-7653
Listed By:
Steven Romano · License #0028554
(304) 952-4978
Added: Sep 18
Changed: Sep 23
Last Checked: Sep 24 at 1:06PM
MLS# 285554
Copyright © 2026 Kanawha Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,600-square-foot quadplex comprises four brick townhomes, each arranged with two bedrooms and one bathroom. Every residence includes a washer and dryer hookup in the kitchen, while property systems include forced-air and electric heating with central air conditioning. Shingle and composition roofing complete the improvements.
The property is located at 514 East Avenue in South Charleston, with access available through MacCorkle, Kanawha Turnpike, and Dunbar Bridge. Parking is provided on the street.
The property is located at 514 East Avenue in South Charleston, with access available through MacCorkle, Kanawha Turnpike, and Dunbar Bridge. Parking is provided on the street.
Key Highlights
- Four brick townhouses comprising a quadplex
- 3,600 square feet of total property size
- Each unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,480
$492.5K
Cap Rate 7%
$351,771
$351.8K
Cap Rate 9%
$273,600
$273.6K
Market Conditions
NOI Build-Up for 3,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.7K $10.20/SF
− Vacancy
−$1.5K −$0.43/SF
EGI
$35.2K $9.77/SF
− OpEx
−$10.6K −$2.93/SF
NOI
$24.6K $6.84/SF
Area
Kanawha County, WV
Vacancy
4.20%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,480
Cap Rate 7%
$351,771
Cap Rate 9%
$273,600
Alternative Uses
Best Use
Multifamily LT 5
$351.8K
$307.8K – $410.4K
NOI $24,624 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$331.6K
$290.2K – $386.9K
NOI $23,214 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$793.9K
$694.7K – $926.2K
NOI $55,572 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 25309, WV
13,146
Population
5,867
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
31.1 sq mi
ZIP Area
423
Density / Sq Mi
$52,920
Median Household Income
$40,732
Median Earnings
$767
Median Rent
$142,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four attached residences feature private two-bedroom layouts, full baths, and kitchen laundry hookups.
Where is this quadplex located?
The property is located at 514 East Avenue South Charleston, WV.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four brick townhouses comprising a quadplex; 3,600 square feet of total property size; Each unit offers 2 bedrooms and 1 bathroom
